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EURO-STERLING TECHS: Bears In Charge Below 0.8900
EURGBP continues in narrow range trade just ahead of the key 0.89 level, which
has so far halted EURGBP's decline. Bears need a break below here to cement the
downtrend and turn focus toward uptrend support at 0.8887, ahead of the
100-dma/Aug 2 low at 0.8861/54. Bulls now need to close above 0.8950 to shift
the short-term outlook back to neutral, while a break above 0.9052 is needed to
challenge the 0.9100 area which holds the YTD high at 0.9098.